Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016
Sold
489 Fifth Avenue
Midtown, New York, NY 10017
Office
$48.18M
Sale Price
175,454 SF
Building Size
$275
Price / SF
The Story
Our team represented both the buyer and seller of this office building, and the transition proved to be a value unlock. The new owner renovating the asset, significantly upgrading the retail component and breathing new life into the building's street presence.Property Highlights
- Located directly on the western side of Bryant Park, providing great views of the park, the New York Public Library, and Empire State Building
- Proximity to NYC's major transportation hubs: Grand Central Station, Penn Station, and the Port Authority